President Barack Obama Message Board

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Politics : President Barack Obama

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To: ChinuSFO who wrote (95435)	6/26/2011 4:04:25 PM
From: tejek	of 149317

Given the level of poverty in China this article is pretty disgusting. It makes you wonder what the people who are buying in Vancouver do to make their money in China. Chinese Spreading Wealth Make Vancouver Homes Pricier Than NYC Vancouver’s Royal Pacific Realty had such a surge of business during the first two weeks of February that agents and assistants worked day and night shifts to find homes for Chinese buyers visiting during the Lunar New Year. “It was unprecedented,” said Royal Pacific Chief Executive Officer David Choi. “I called them sleepwalkers.” Sales of detached homes, townhouses and condominiums in metropolitan Vancouver jumped 70 percent in February from January, to 3,097 units from 1,819, and were up 25 percent from a year earlier, according to the Real Estate Board of Greater Vancouver. In March, sales climbed 32 percent from February, to just shy of a record for the month of 4,371 transactions set in 2004. Sales increased by 80 percent from two years ago. read more................. bloomberg.com

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